ABSOLUTE BEACHFRONT MANAGEMENT RIGHTS - ID 8767

$4,850,000

Resort / Holiday management rights, Palm Beach QLD

Management Rights For Sale
High Net Holiday Resort

- Glorious location between the Gold Coast Highway and the Pacific Ocean
- Supportive and pro-active committee
- Public transport at the front door
- Ample storage for the manager
- 3 bedroom residence, multi purpose room and patio
- Office on title
- Exclusive use areas in reception and in the basement
- Easy care gardens
- Rooftop access with 360 degree views along the coastline and to the hinterland
- Upside potential - convert outside rentals into your letting pool

Rare opportunity to obtain a high net, beachfront holiday business on the magnificent Gold Coast, the premiere holiday destination in business offers a real seaside lifestyle for those wishing to escape the city hustle and bustle. The net income is large enough to support a partnership. Add in some potential upside, an impressive interior and there is not a whole lot more to want.

Net Profit: $595,607
Asking Price: $4,850,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $4,850,000
Net Income: $ 595,607 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,350,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.9
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 21
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 18
_{Number of units resided in by their owners.}

Lock Ups: 5
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 24
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 68
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 163,699
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 25 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated pool, Spa, Sauna, 2 x BBQs, Security parking, Storage, CCTV, Wi-Fi

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,350,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Generous sized 3 bedroom apartment, Multipurpose room, Patio, Adjacent office on title, Kitchen and bathrooms fitted with modern appliances, Air conditioning